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We test whether induced mood states have an effect on elicited risk and time preferences in a conventional laboratory … with Expected Utility theory or with probability weighting. Time preferences between subjects in the control, positive mood …, and negative mood treatments are not statistically significantly different. However, for choices consistent with Expected …
Persistent link: https://www.econbiz.de/10009294575
We test whether induced mood states have an effect on elicited risk and time preferences. Risk preferences between … subjects in the control, positive mood, and negative mood treatments are neither economically nor statistically significant …. However, we find that subjects induced into a positive mood exhibit higher discount rates and that subjects under negative …
Persistent link: https://www.econbiz.de/10008680321
. We specifically test whether inducing subjects into different mood states has a significant effect on subjects … rationality (in the form of preference reversals) and on bidding behavior in homegrown value auctions. We find that mood states … can significantly affect the rate of preference reversal and bidding behavior in experimental auction valuation …
Persistent link: https://www.econbiz.de/10008685165
Wynn and Coolidge [2004] have hypothesized that one of the key reasons why the Homo Sapiens progressed to being modern … objective needs but have progressively updated them as well. Maslow put it beautifully by saying “You will either step forward … theory also with the aim to uncover the differences in having (sometimes known as deficit needs) and being needs (sometimes …
Persistent link: https://www.econbiz.de/10005623337
been evident through the studies that the mood has an inborn reflex with respect to the dressing preferences and fashion …, color can influence mood. …
Persistent link: https://www.econbiz.de/10009368162
vividness, omission bias, scapegoating and xenophobia, fairness and reciprocity norms, overconfidence, and mood effects. This …
Persistent link: https://www.econbiz.de/10005836760
. Nowadays hedonic indices are believed to be the most efficient way to reduce the bias. Following Triplett we have developed the … taxonomy of hedonic price indices within the “direct approach”. This first step is essential in constructing a detailed set of … hedonic price indices. They can be used in two ways: to estimate the bias in CPI and to elaborate alternative official price …
Persistent link: https://www.econbiz.de/10005621652
paper tests also the affect as an explanation to the zero price effect. The result suggests that the price effect cannot be …
Persistent link: https://www.econbiz.de/10009223361
also a vector of affect that signals the level of social integration for participants interacting into personal exchanges …
Persistent link: https://www.econbiz.de/10005034608
This research examines how the reliance on emotional feelings as a heuristic influences the proposal of offers in negotiations. Results from three experiments based on the classic ultimatum game show that, compared to proposers who do not rely on their feelings, proposers who rely on their...
Persistent link: https://www.econbiz.de/10005619835